Existing home and condo sales up 15 percent in April

Existing home and condo sales up 15 percent in April

The Salt Lake Tribune
Updated: 06/25/2009 10:11:21 PM MDT

Sales of existing homes and condos in Salt Lake County in May were up 15 percent from sales in April, the Salt Lake Board of Realtors reported Thursday.

But, sales are down 9 percent when compared to May of 2008.

In May, 988 homes and condos sold in the county compared to 861 sales in April and 1,091 sales in May 2008.

The median price of homes and condos sold in May was about $225,000, up 2 percent compared to a sales price of $219,950 in April, but down 4.3 percent from a median sales price of $235,000 in May 2008. The median is now down 8 percent from a peak of $243,700 in June 2007.

Lesley Mitchell